Here & Now Here & Now

Support the news

Automotive Rally Continues With Strong Sales03:46
Download

Play
This article is more than 5 years old.

U.S. automakers reported strong sales in January, a time of year that's normally slow for the industry.

General Motors also recorded a 91 percent jump in profit in the fourth quarter. The company says it will issue $9,000 profit-sharing checks to 48,000 of its employees.

The auto industry is in the midst of a rebound after the recession brought many of the large automakers to the brink of collapse several years ago.

CNN business correspondent Maggie Lake tells Here & Now's Robin Young that an improving economy and low gas prices have convinced consumers to buy new cars.

Reporter

This segment aired on February 4, 2015.

Support the news

Support the news